On February 6, 2020, James E. Wagner Cultivation Corporation (TSXV:JWCA) closed the transaction. The company has issued 2,380,952 units for gross proceeds of CAD 500,000 to returning investor Canopy Rivers Inc. (TSX:RIV) in its fourth and final tranche bringing the total funds raised in its transaction to CAD 2,332,149.64. The transaction included participation from certain insiders of the company for an aggregate of CAD 837,649.76.

Upon closing of this transaction, the stake held by Canopy Rivers Inc. (TSX:RIV) in the company has increased from 13.15 to 15%. The TSX Venture Exchange has accepted for filing documentation of the transaction.